The Editorial Team

Cheap South African Solar Projects Challenged by Cost Surge

LAGOS (Capital Markets in Africa) – Solar projects in South Africa’s latest renewable power procurement round may have difficulty reaching financial close due to issues including rising supply chain costs, according to people familiar with the details. Some of the bids are experiencing trouble ahead of a deadline to complete financing arrangements, according to the people who asked not to be identified because the information isn’t public. South Africa’s Department of Mineral Resources and Energy…

Groupe Filatex to transform renewable energy storage in Madagascar and Mauritius

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ANTANANARIVO, Madagascar, 7 February 2022 – Groupe Filatex, a leading African energy company based in Madagascar, announces the acquisition of 41% in French start-up Energiestro for Euros10million, a pioneer in energy storage through its Flywheel Energy Storage technology. In tandem with this acquisition, Groupe Filatex discloses a strategic partnership with Energiestro to deploy innovative solar storage technology in Madagascar and Mauritius. Founded in 2001, Energiestro has since then developed its innovative Flywheel Energy Storage technology,…

Groupe Filatex Consolidates Its Market Share As the Leading Energy Producer In Madagascar

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ANTANANARIVO, Madagascar, 07 February 2022 – Groupe Filatex, a leading African energy company based in Madagascar, announces today a major deal with Symbion Power, New York-based Independent Power Producer, operating in the Middle East, Asia and Africa. The agreement entails the acquisition of Symbion Power’s 40MW heavy fuel oil (HFO) power plant in Antananarivo – to be hybridised by Groupe Filatex. The purchase will add 40MW to the Groupe Filatex portfolio, which further enhances its…

Making globalisation work for Africa: dream or opportunity?

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An interconnected world Globalization: the interdependence of our world’s economies, cultures, and populations. The reason the pandemic we are living today did not spare any country is due precisely to this wonderful, but at times precarious, modern syndrome. Through the unrestricted movements of goods and people, COVID-19 rapidly reached every corner of the world. Despite being an undeniable mechanism of disease transmission, globalisation nonetheless promotes higher living standards around the world, with access to new…

Peril Mounts for Johnson as Police Probe Lockdown Parties

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LONDON (Capital Markets in Africa) – The crisis engulfing Boris Johnson escalated dramatically after the police began formally investigating allegations he and his staff held parties that broke the government’s pandemic rules. Johnson is battling for his political survival over a slew of reports about events in his Downing Street office, which were held at a time when social gatherings were banned under restrictions meant to curb the spread of coronavirus. Metropolitan Police Commissioner Cressida…

Libor Fading, But Far From Forgotten, as Market Focuses on Fed

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LAGOS (Capital Markets in Africa) – The obituaries for the London interbank offered rate may have been written, but as businesses, consumers and investors brace for a likely tightening of U.S. monetary policy it remains a keenly watched bellwether for financial conditions — for now at least. The three-month dollar rate, one of the few of the Libor suite to get a temporary reprieve and still be published until mid next year, has risen in…

BOE Silence Leaves Investors Seeing Signal for Action on Rates

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LONDON (Capital Markets in Africa) – Bank of England officials have largely decided to keep quiet in the run-up to February’s crunch meeting, allowing expectations to solidify for another interest rate increase. Since the bank hiked rates in December, few of the nine-member Monetary Policy Committee have spoken, and none are scheduled to before their next meeting. That’s despite increasing market bets that another increase will come on Feb. 3.The relative silence breaks from the effusive commentary…

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